Emerging markets will have to weather another dollar hurrah - over 1 year ago
With the bulk of Federal Reserve aggressive rate increases already over, some of the world’s top investors predict the dollar will soon fall into a multi-year weakening trend. Such a shift stands to support emerging markets — and indeed propelled gains of nearly 9% in developing currencies from late October to early February.
Economic Times

Adani in talks for $400m debt against Australian coal port assets - over 1 year ago
Recent disclosures show that the Adani group promoters own 100% equity in the Australian port asset. People cited above told ET that the group has begun talks with several large high-yield global credit funds, and has so far received two indicative term sheets from potential lenders. "The group is trying to raise the funds against the cash flows of NQXT with an objective to upstream the funds for further payments elsewhere," said one of the persons cited above.
Economic Times

Stocks in news: Paytm, SpiceJet, Vodafone Idea, Edelweiss Financial Services - over 1 year ago
The company has entered into an advertisement agreement with Capri Global Holdings for 5 years starting from the first season of the Women’s Premier League T20 tournament.
Economic Times

SoftBank, Ant discuss Paytm secondary sale - over 1 year ago
Paytm’s management including its founder and CEO Vijay Shekhar Sharma are seen to be opposed to a strategic investor coming on board the company.
Economic Times

PNB buries ghost of 2018 to fund lab diamonds - over 1 year ago
Under the new policy that was finalised a few weeks ago, the public-sector bank would give working capital as well as term loans to manufacturers of lab-grown stones against 100% collateral security and high internal rating of the borrower, said a person familiar with the bank's internal circular.
Economic Times

Nifty oversold, can consolidate at 17,200-17,900: Analysts - over 1 year ago
​Based on the rollover analysis and chart setup, we expect midcap IT, defence, and CPSE space to outperform with long build-up visible in names such as UltraTech, ONGC, Siemens, IGL and Polycab, and short build-up in banking, oil & gas, metals, auto, and real estate with stocks like M&M, JSW Steel, Jindal Steel, Hindalco, HPCL, Godrej Properties, DLF, and Canara Bank.
Economic Times

Stock Radar: 16% so far in 2023! This Sensex stock is on track to hit Rs 400 in short term - over 1 year ago
The stock price of the diversified FMCG player hit a fresh record high of Rs 394 on February 23, 2023 but it failed to hold on to the gains and slipped towards Rs 384 on 24 February.
Economic Times

Rare-Naman leads race for Rajesh Lifespaces' hotel arm - over 1 year ago
The consortium's offer of ₹461 crore upfront with another ₹31 crore in equity in the company is likely to be declared as the top bid by bankers next week, following which it will be put to vote, people aware of the development told ET.
Economic Times

Stock radar: Buy ITC for a target of Rs 400 in short term, says Shivangi Sarda - over 1 year ago
"ITC stock has been forming higher lows from the last three months, one such stock in this sector which is resilient in broader market weakness and amidst dampened global market clues," Shivangi Sarda, Analyst, Derivatives and Technical Research, Motilal Oswal Financial Services Ltd, said.
Economic Times

Market Trading Guide: IEX, Tata Steel among 5 stock recommendations for Monday - over 1 year ago
Mirroring weak sentiment in the global markets, domestic benchmark indices continued their losing streak for the sixth straight day on Friday. Nifty in the last five trading sessions has lost a substantial 2.66% and ended Friday’s session below 17,500 levels. Sectorally, metal pack was the worst hit, with Nifty Metal index losing 3%, while Nifty Pharma emerged as the only sectoral gainer“Nifty has fallen back into the falling channel, heightening the chances of further downsides. The 50 DMA and 14DMA are in a bearish crossover. Also, the current value is sitting well below the critical near-term moving averages, with the momentum oscillator RSI (14) slipping below the reading of 50. The current set-up is likely to keep the Nifty under pressure, with a potential downside towards 17150–17200 over the short term. On the higher end, crucial resistance is placed at 17800,” Rupak De, Senior Technical Analyst at LKP Securities, saidHere are stock recommendations for Monday:
Economic Times

Dalal Street Week Ahead: Metals, infrastructure and autos expected to gain; stay cautious - over 1 year ago
​​The volatility remained immense given the amount of uncertainties that surrounded the happenings around the world. NIFTY had large and wide moves through the week; the Index oscillated over 1147-point and finally ended with a net loss of 617.80 points (- 3.58%) on a weekly note.
Economic Times

Beyond the norms: India's rising wealth and the emergence of PMS and AIF - over 1 year ago
As a rule of thumb, those interested in PMS should have an overall financial portfolio size of at least Rs 2-2.5 crore, while those considering AIFs should have a minimum portfolio size of Rs 5 crore. These investment options can be a valuable addition to the satellite portfolio of any HNI, providing the benefits of diversification and potentially higher returns
Economic Times

Ujjivan Small Finance Bank among 3 stocks to trade ex-dividend this week - over 1 year ago
Meanwhile, shares of Ujjivan SFB closed 0.8% higher at Rs 26.65 over its previous day's closing price of Rs 26.45 apiece. On a year-to-date basis, the stock has yielded a negative return of 11%. From its-52 week high of Rs 33.5, the stock is trading 20% lower. At current market levels, Ujjivan small finance has a market capitalization of Rs 5,209 crore
Economic Times

Long term wealth creation; 7 stocks with high ROE - over 1 year ago
Every industry has different operating conditions which have high correlation with the kind of ROE they generate and how sustainable that number is. Of all the stocks, which our algorithms come up with, we took companies from three sectors, speciality chemicals, specialty retail chain and an auto ancillary company which is focussed on EV space and has been able to get an early lead. ET screener powered by Refinitiv’s Stock Report Plus lists down stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy".
Economic Times

Use advance-decline ratio to assess the mood of the market: Vinod Nair - over 1 year ago
Whereas non-fundamental factors include geo-political risk, promoter, and management credentials, policy developments, daily stock demand and supply, the money supply in the economy, etc
Economic Times

Possible outliers; 6 NBFCs with strong parentage which meet quantitative investing parameters - over 1 year ago
After the NBFC crisis in 2018. Regulatory changes happened across the board in the financial sector. Whether it was NBFC or bank space, the post NBFC crisis made life tough for all players. After a period of 5 years, while clean up is still on, some companies have emerged stronger after all the changes. The NBFC which survived and emerged stronger had one thing in common, they had strong parentage in terms of them being backed by a strong promoter group, who value their reputation. In order to sift through the long list we have combined some both qualitative and quantitative parameters to reach a final list of stocks with an upside potential according to analysts.
Economic Times

FPIs sell-off spree continues; withdraw Rs 2,300-cr from equities in Feb - over 1 year ago
VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services, said rising rates in the US might lead to more capital outflows from emerging markets including India
Economic Times

Global cues, Adani developments, econ data to keep D-Street traders on tenterhooks this week - over 1 year ago
“The entire February month has traded in a range and after failing to hold the higher end of the range, the prices have now slipped towards the lower end..This set-up of support is visible in all the major indices and hence the market is at a make-or-break level,” said Rajesh Bhosale, technical analyst at Angel One
Economic Times

Fresh from the oven! Delhivery among 5 stocks on which brokerages initiated coverage - over 1 year ago
A host of brokerage firms have initiated coverage on a number of counters and the majority of them remain positive on them. They see a strong potential of value unlocking in these companies, with a targeted upside of up to 75%.These stocks belong to various sectors such as auto, household appliances and logistics. Here is a list of 5 stocks on which brokerages initiated coverage:
Economic Times

Reasonable dividend yield & possibility of capital gains; 4 stocks for your watchlist - over 1 year ago
The use of the word reasonable brings in the element of subjectivity. With interest rates on FDs hovering above 7 per cent, buying a stock with a 7-8 per cent dividend yield may not appear the best decision. In such conditions, investing in stocks where the dividend yield is not even 5, would appear to be even worse. But if a dividend yield of between 4 to 5 percent is combined with a reasonable probability of capital gains, it would be worthwhile to have these stocks on your watch list.
Economic Times

Nifty F&O Strategy: Go for Bidirectional Hedged Spread between 17400-17500 - over 1 year ago
​Nifty has been in a broad sideways trend with the upper-end of the range being at the 18,220 level and the lower-end of the range at its 200-day SMA as shown in the chart. Once Nifty breaks the level of 17,350, the trend will become sideways-to-bearish from just sideways.
Economic Times

Nine of top 10 firms lose Rs 1.87 lakh cr in market valuation; HDFC Bank, RIL hit hard - over 1 year ago
Nine of the 10 most valued firms faced a combined erosion of Rs 1,87,808.26 crore in market valuation last week, with HDFC Bank and Reliance Industries taking the biggest hit amid an overall weak trend in equities. Last week, the BSE benchmark tumbled 1,538.64
Economic Times

Global cues, Adani developments, econ data to keep D-Street traders on tenterhooks next week - over 1 year ago
“The entire February month has traded in a range and after failing to hold the higher end of the range, the prices have now slipped towards the lower end..This set-up of support is visible in all the major indices and hence the market is at a make-or-break level,” said Rajesh Bhosale, technical analyst at Angel One
Economic Times

Vodafone Idea shareholders okay Rs 1,600-crore OCD issue to ATC - over 1 year ago
The government on February 3 cleared the equity conversion, which gave it a 33.1% stake in the distressed telco, making it the single-largest shareholder. This holding will be diluted after the issue to ATC. Analysts said that the transaction marks a respite for the telco, which is finding it difficult to pay off the dues of other vendors such as tower firm Indus Towers
Economic Times

Here’s a list of 10 stocks with highest upside potential in next 12 months - over 1 year ago
After relative outperformance last year, Indian equity markets are lagging so far this year, weighed down by fears that global central banks will keep hiking key rates for longer than expected. Analysts say the markets are expected to remain volatile due to expensive valuations at least in the short term.In this context, here is a list of select stocks that have the highest upside potential in the next 12 months, based on analysts' estimates compiled by Trendlyne. We have excluded Adani group companies from the list as they have been under selling pressure and fallen steeply from highs since the Hindenburg report.
Economic Times

Tube Investment India arm TI Clean Mobility to raise Rs 3,000 crore by Mar 2024 - over 1 year ago
TICM is focused on manufacturing and marketing of electric three-wheelers. It is also into the manufacturing and marketing of e-tractors an electric heavy commercial vehicles through its subsidiaries.
Economic Times

Wedding season, World Cup likely to fuel demand for hotels; Lemon Tree, Indian Hotels top bets: Siddhartha Khemka - over 1 year ago
ARR should continue to inch higher, thereby boosting RevPAR. We anticipate robust growth to remain intact across hotels in FY24, aided by: 1) an increase in ARR across hotels on improved occupancy, 2) operating leverage, and 3) favourable demand-supply scenario.
Economic Times

Learn with ETMarkets: ROA, ROE, ROCE, and ROIC: Explained! - over 1 year ago
Investors often check Return on Capital Employed (ROCE), Return on Investment (ROI), Return on Asset (ROA) and Return on Equity (ROE) to understand how much value for money they would get if they invested in a particular company.
Economic Times

Weekly Top Picks: 5 stocks with consistent score improvement and upside potential of up to 38% - over 1 year ago
Even as NIFTY continues to witness volatile moves, bias of the underlying volatility has once again tilted toward bears. However, even during this period, there are still some pockets where stocks have seen an improvement in their analyst scores. The selected stocks depict a strong upward trajectory in their overall average score which is based on five key pillars i.e. earnings, fundamentals, relative valuation, risk and price momentum. This implies that there has been a significant improvement in their market outlook in the given time frame.
Economic Times

Fears of loss in Adani Group portfolio send LIC near all-time low - over 1 year ago
​At close, the LIC stock was at Rs 585, a little above its all-time low level of Rs 582.
Economic Times

This ratio is better when looking for possible wealth creators - over 1 year ago
As the stock market once again comes under attack from bears, the price earning (PE) ratio of some stocks would drop sharply and make them look cheap. More often than not, relying on PE may lead to wrong investment decisions given the huge difference in what is value and what looks cheap due to one financial ratio.The PEG ratio is a better indicator than many other ratios especially P/E which is followed by the majority. The selected list applies different algorithms for all BSE and NSE stocks. For the purpose of this article, we have taken only NSE stocks into consideration.
Economic Times

Colin McLean's value investing tips to generate superior returns - over 1 year ago
Leading fund manager Colin McLean says changing market conditions can impair the signal-to-noise ratio and investors should commit more time to look for deeper explanations for market behavior. "Tempting as it is to follow the media’s daily focus, investors should look more closely at stress in corporate bond funds, emerging economy politics, and currency moves," he wrote in an article to a financial website.
Economic Times

Fears of loss in Adani Group portfolio sends LIC near all-time low - over 1 year ago
​At close, the LIC stock was at Rs 585, a little above its all-time low level of Rs 582.
Economic Times

FTSE 100 posts worst week of the year, Cineworld plunges over 40% - over 1 year ago
Meanwhile, Bank of England (BoE) policymaker Silvana Tenreyro said the impact of energy price shock and time lag effects of monetary policies brought a risk of raising borrowing costs too high when attempting to bring down inflation.
Economic Times

EA founder Trip Hawkins dives into Web3 with Barcelona-based startup - over 1 year ago
Although there are concerns around security as "cyberwallets" are more prone to hacking, developers are also looking to diversify their platforms amid stunted growth and high app-store fees.
Economic Times

13 smallcap stocks see double-digit weekly gains when Sensex got stuck in bear ‘chakravyuh’ - over 1 year ago
A universal bank licence could hasten the portfolio diversification and simultaneously benefit the bank by mobilising low-cost deposits, the brokerage said. It has a “buy” rating on the stock with a price target of Rs 72 a share.
Economic Times

Wall St ends sharply down, posts biggest weekly drop of 2023 - over 1 year ago
Meanwhile, Range Resources Corp jumped 11.9% in late trading, its biggest gain in nine months, after Bloomberg News reported that Pioneer Natural Resources was in talks to buy it. Pioneer's stock fell 4.1% on the report.
Economic Times

ACRE offers State Bank ₹230cr for Visa Steel Loans - over 1 year ago
The National Company Law Tribunal's Cuttack bench admitted Visa Steel for insolvency proceedings in November last year. Within a month, the High Court of Orissa stayed the insolvency process until further orders.
Economic Times

Mind Over Money: Tough times never last, but tough people do! Prateek Pant abides by this simple rule. Here’s why - over 1 year ago
“Tough times never last but tough people do” Have lived with this paradigm when odds are stacked against you,” Prateek Pant, Chief Business Officer, WhiteOak Capital Asset Management, said.
Economic Times

Adani stocks drop again, total m-cap loss at ₹12L cr - over 1 year ago
Adani Total Gas, which commanded a market capitalisation of Rs 4.28 lakh crore on January 24, plunged 81% to Rs 82,648 crore on Friday. Adani Green Energy's market cap declined 75%m from Rs 3.04 lakh crore on January 24 to Rs 77,000 crore on Friday. Adani Transmission has also lost 75% of its market value since the report's release.
Economic Times

Jack Ma-backed Ant group plans to pare stake in Paytm - over 1 year ago
The Chinese fintech giant has been discussing options to reduce its stake in One 97 Communications Ltd. after its share percentage increased passively due to share buybacks, the people said, requesting not to be identified because the matter is private
Economic Times

Wall St slides as inflation data fuels Fed worries - over 1 year ago
At 9:33 a.m. ET, the Dow Jones Industrial Average was down 350.29 points, or 1.06%, at 32,803.62, the S&P 500 was down 48.59 points, or 1.21%, at 3,963.73, and the Nasdaq Composite was down 176.97 points, or 1.53%, at 11,413.43.
Economic Times

Sebi seeks higher responsibility for REIT and InvIT sponsors - over 1 year ago
According to the regulator, a sponsor of a REIT/InvIT whose units have been listed on the stock exchanges for a period of three years can be permitted to declassify as the sponsor subject to certain conditions, including that there has to be a new inducted sponsor in place of existing sponsor getting declassified
Economic Times

India's lithium discovery could electrify entire domestic PV installed base: Jefferies - over 1 year ago
The Geological Survey of India (GSI) recently said it has found lithium deposits for the first time in the country. India has lately been looking to strengthen its supply of key minerals, including lithium, that will be critical for furthering its electric vehicle plans
Economic Times

Shareholders’ demerger nod paves way for Edelweiss Finance to list Nuvama Wealth - over 1 year ago
In 2020, PAG had invested in the wealth management business of Edelweiss Financial, and the company had then announced the demerger and subsequent listing of the business
Economic Times

Fed needs a recession to win inflation fight, study shows - over 1 year ago
The study is not the first to argue that the Fed's outlook for the economy, dubbed an "immaculate disinflation" by some observers, is unrealistic and will at some point force policymakers into hard choices about how much higher interest rates may need to rise in order to lower inflation and how steep a price they are willing to pay in terms of job losses. Some estimates have suggested the unemployment rate, currently at more than a five-decade low of 3.4%, may have to approach 7% for inflation to fall on a reasonable timetable
Economic Times

Telecom tycoon Sunil Mittal is seeking a stake in Paytm - over 1 year ago
He is planning to merge his financial services unit into the fintech giant’s payments bank, according to people with knowledge of the matter
Economic Times

It is time to be greedy! - over 1 year ago
In India, inflation reached a high of 7.79% in April 2022. Since then, it has moderated in recent months and was 5.72% in December 2022. In January 2023, it inched up again to 6.52% but remains within the manageable range.
Economic Times

US stocks tumble at open as inflation data fuels Fed worries - over 1 year ago
The Dow Jones Industrial Average fell 154.72 points, or 0.47%, at the open to 32,999.19
Economic Times

Warner Bros Discovery shares fall as ad woes weigh - over 1 year ago
The company's networks business, which includes channels like HGTV, Discovery Channel and TLC, took a hit as brands cut their advertising budgets, leading to a 14% decline in fourth-quarter segment revenue from ads. The division's advertising revenue wasn't "looking much better in Q1 2023", it said
Economic Times